Stay away from 10month insurance policies

londonTiger

There are many insurers that offer 10 month policies - stay away from them.

The 10 month policy was the cheapest one that I got on the price comparison websites and I went for it without thinking twice. I thought it would be best to go with that because it would be the cheapest initial outlay. I justified it ebcause it was the same price per month as the 12 month policy.

However - there's one problem. 10 month policy noclaims are not regarded as a proper noclaims by most insurers. I've just tried to get quotes from 3 insurers adrianflux, skyinsurance & greenlight and none of them would accept my noclaims for the 10 month policy.

This is really just a ploy to basically get you to stay with the insurer that gave you the 10 month policy as no other insurance company will accept it.

Even if you have 2x10month noclaims (2 years), these other insurance companies will not accept that as a 1yr NCB.

Stick to the full 12 month term.

gozaimasu

This is interesting. I haven't had any problems with 10 month policies before. I'm currently on one now, so I'll see how it goes at the end of the policy!

custardy

londonTiger wrote: »

There are many insurers that offer 10 month policies - stay away from them.

The 10 month policy was the cheapest one that I got on the price comparison websites and I went for it without thinking twice. I thought it would be best to go with that because it would be the cheapest initial outlay. I justified it ebcause it was the same price per month as the 12 month policy.

However - there's one problem. 10 month policy noclaims are not regarded as a proper noclaims by most insurers. I've just tried to get quotes from 3 insurers adrianflux, skyinsurance & greenlight and none of them would accept my noclaims for the 10 month policy.

This is really just a ploy to basically get you to stay with the insurer that gave you the 10 month policy as no other insurance company will accept it.

Even if you have 2x10month noclaims (2 years), these other insurance companies will not accept that as a 1yr NCB.

Stick to the full 12 month term.

yup. if you think about it,why would another insurer accept 10 months as 1 years NCD?

londonTiger

gozaimasu wrote: »

This is interesting. I haven't had any problems with 10 month policies before. I'm currently on one now, so I'll see how it goes at the end of the policy!

have you tried switching insurer and getting the new insurance company to accept your NCD?

The only conceivable way they will accept this is if the new insurance company also offers 10 month policies. But in any case you're still restricting yourself heavily to which insurance companies you can go to.

Think about it. The last 10 month (1yr NCD) is useless now. I've asked the renewals to change it from a 10 month policy to 12 month - they had the audacity to try and keep me on the 10month without asking me first. I had to bring up the issue myself and ask them to switch.

notanewuser

londonTiger wrote: »

have you tried switching insurer and getting the new insurance company to accept your NCD?

The only conceivable way they will accept this is if the new insurance company also offers 10 month policies. But in any case you're still restricting yourself heavily to which insurance companies you can go to.

Not true. I believe the admiral group policies state 1 year on the NCB certs without mention of the 10 month policy.

Who was your insurance with?

londonTiger

notanewuser wrote: »

Not true. I believe the admiral group policies state 1 year on the NCB certs without mention of the 10 month policy.

Who was your insurance with?

admiral. i didnt receive the cert yet - this is my first year. But isn't it a bad idea to not disclose that it's a 10 month policy? Because they may void your insurance if they find out later somehow.

neilmcl

londonTiger wrote: »

admiral. i didnt receive the cert - this is my first year. But isn't it a bad idea to not disclose that it's a 10 month policy? Because they may void your insurance if they find out later somehow.

At the end of the day you will get a renewal letter from Admiral showing a full years NCD I assume, even though it's only a 10mth policy. This is all the insurance cos are interested in, the amount of NCD that you have evidence for.

londonTiger

neilmcl wrote: »

At the end of the day you will get a renewal letter from Admiral showing a full years NCD I assume, even though it's only a 10mth policy. This is all the insurance cos are interested in, the amount of NCD that you have evidence for.

i just rang up and told them i got a 1 yr ncd (should have by renewl date in a few weeks time) - but it's with admiral and it;s a 10 month policy. They said they cant put it though as a valid NCD and will quote me without a NCD.

also factor in that if you get a car straight away after passing and you have 2 x 10month no claims (total 20 months), and you tell the new insurer that you've got 2yrs NCB and ben driving for 20 months. They'll have questions to ask..

atrixblue.-MFR-.

ring the FSA and ask them their take on 10 month booster policies NCB not being taken at different insurers. im sure there have been some ruling in this department somehwere that the FSA can give you some good advice on what to say to an insurers about the non acceptance.

notanewuser

londonTiger wrote: »

i just rang up and told them i got a 1 yr ncd (should have by renewl date in a few weeks time) - but it's with admiral and it;s a 10 month policy. They said they cant put it though as a valid NCD and will quote me without a NCD.

also factor in that if you get a car straight away after passing and you have 2 x 10month no claims (total 20 months), and you tell the new insurer that you've got 2yrs NCB and ben driving for 20 months. They'll have questions to ask..

They shouldn't. People can insure cars as provisional license holders you know.

Why are you volunteering information that isn't being asked for? They don't usually care how long your policy was provided the NCB cert states full years.

(You need to correct your thread title.)

neilmcl

londonTiger wrote: »

i just rang up and told them i got a 1 yr ncd (should have by renewl date in a few weeks time) - but it's with admiral and it;s a 10 month policy. They said they cant put it though as a valid NCD and will quote me without a NCD.

also factor in that if you get a car straight away after passing and you have 2 x 10month no claims (total 20 months), and you tell the new insurer that you've got 2yrs NCB and ben driving for 20 months. They'll have questions to ask..

That was your mistake right there, shouldn't have mentioned the 10mth policy. Try doing some online quotes, they don't tend to distinguish between 10mth or full 1 year policies.